**Registered Charity No: 1111445 Registered Company No: 4328703** (England & Wales)
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
(A Company Limited by guarantee)
## **ANNUAL REPORT AND ACCOUNTS**
**FOR THE 17 MONTH PERIOD ENDED 31 DECEMBER 2025**
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
## **Index to the Annual Report and Accounts For the 17 month period ended 31 December 2025**
||Page|
|---|---|
|Charity Reference and Administrative Details|2|
|Trustees Annual Report|3-5|
|Trustees responsibilities|6|
|Independent Examiner's Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10-12|
Page 1
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
## **Charity Reference and Administrative Details For the 17 month period ended 31 December 2025**
|Charity Name|Saffron Young Peoples Project Limited|
|---|---|
|Charity Registration Number|1111445|
|Company Registration Number|4328703|
|Registered Office|Saffron Resource Centre|
||432 Saffron Lane|
||Leicester|
||LE2 6SB|
|Directors/Trustees|DT Myers|
||LA Park|
||A Cleaver|
||K Fox|
||K Dennison|
|Bankers|Unity Trust Bank|
||Nine Brindleyplace|
||Birmingham|
||B1 2HB|
|Independent Examiner|Fiona Sanderson BA(Hons) FCMA CGMA|
||Miss S - Accounting for Purpose CIC|
||68 Privett Road|
||Fareham|
||Hampshire|
||PO15 6SP|
Page 2
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
## **Trustees Annual Report For the 17 month period ended 31 December 2025**
The trustees present their report and accounts of the charity for the 17 month period ended 31 December 2025. The trustees/directors have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS102) in preparing the annual financial statements of the charity.
The accounts have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the the UK and Republic of Ireland published in October 2019 (second edition).
## **Trustees**
The directors of the charitable company are also its trustees for the purpose of charitable law. The trustees who have served during the year and since the year end are:
DT Myers Chairperson to 16/04/2024 LA Park A Cleaver Chairperson from 16/04/2025 K Fox K Dennison
## **Structure, governance and management**
The Charity's constitution is set out in its Memorandum and Articles of Association (as amended 8 December 2008) and provides for the trustees to be appointed by other trustees and to be registered on the Charity Commission website accordingly.
The charity seeks to ensure that its trustees have the appropriate mix of skills to guide the work of the Charity and is continuously seeking ways to put in place succession arrangements for new trustees.
## **Objectives, activities and public benefit**
The main objective for the Project during the year was to provide a detached youth work provision for the young people and families on the local estates in Leicester. The estate lies in the top 2% most deprived areas in England and so more of the young people we come into contact with, have to tackle social issues, such as bullying, unemployment, racism, social exclusion and deprivation. Once trust has been gained, then these issues are challenged through activities, one to one interventions and street sessions.
Page 3
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
# **Trustees Annual Report** (continued) **For the 17 month period ended 31 December 2025**
The Trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission for England and Wales.
## **Major risks and management of those risks**
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
A significant risk faced by over the last 2 years was the difficulty in securing sufficient ongoing funding to support its charitable activities. Despite proactive efforts, recent attempts to secure grant income and other funding streams have proved challenging.
In response, the Trustees have undertaken a thorough review of the charity’s financial position and future sustainability and unfortunately have had the make the difficult decision to close the charity down at 31 December 2025.
## **Financial Review**
During the period under review, the Charity received grant income of £123,700 (31 July 2024: £136,166). The charity expensed £180,619 (31 July 2024: £135,902) on the furtherance of its charitable activities.
The Charity's net assets at 31 December 2025 were £2,639 (31 July 2024: £59,558). The assets remaining upon close down will be donated to a charity of the trustees' choice.
The success of the projects the Charity has delivered is dependent on the support of its members, volunteers and, of course, it's funders. We thank all those involved in the Project for their commitment to the charity during this period.
## **Reserves**
The trustees have resolved to wind up the charity and, as all known liabilities, closure costs, and commitments have been fully provided for in these financial statements, it is no longer appropriate to maintain a formal reserves policy. At the balance sheet date, the charity held unrestricted reserves of £2,639, representing funds available for payment of the final distribution in accordance with the charity’s governing document. The trustees expect that these remaining reserves will be applied in full prior to the charity’s dissolution.
Page 4
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
## **Trustees Annual Report** (continued) **For the 17 month period ended 31 December 2025**
## **Achievements and performance**
It is with great sadness that I have to report that in December 2025 saffron young peoples project came to an end. After over 30 years of serving the young people and community of Saffron, the main funders have decided to turn their attentions elsewhere and fund other much needed projects.
We are extremely proud of the work that we have carried out and the countless young people we have helped along the way. We were getting parents who we had worked with when they were young, bringing their children to activities which spoke volumes of the legacy that we left and the massive void that is still to be filled.
I started working at SYPP in 2004 as a sessional youth worker and progressed to a full-time role which led to me becoming project Mnager. I thank Ted Cassidy our Chair at the time for giving me the opportunity to take the project forward and gave me time to study for my degree in youth and community.
Many people see youth work as a nothing job, just lazing about with no purpose. It is not until you see the benefits of listening to problems and helping to find solutions that you realise the worth, and indeed the need for young people to have that avenue of help to turn to can bring.
When I first started on my first day, I said to my manager Christina Herbert, “what do you want me to do?”
She replied, “go out there and find them Gary”
I did just that and 22 years later I have many amazing memories of the people of Saffron and the support that I gave that I am immensely proud of.
I always say about the Saffron public, that until they know you, they don’t like you. You have to earn their trust, and they can criticize themselves but wo betide anyone who has a go at them.
Up the Saff
Over and out.
Gary Fox Proud Project Manager Saffron Young People’s Project.
Page 5
# **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
# **Trustees Annual Report** (continued) **For the 17 month period ended 31 December 2025**
## **Trustees' responsibilities in relation to the accounts**
The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources of the charitable company for the year.
In preparing those financial statements, the trustees are required to:
- Selecting suitable accounting policies and applying them consistently;
- Observing the methods and principles in the Charities SORP 2019 (FRS102);
- Making judgements and estimates that are reasonable and prudent;
- Stating whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on a going concern basis, unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities 2019(FRS 102) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the trustees of the charity on 3 September 2026 and signed on its behalf by:
## Kim Fox (Sep 6, 2026 18:17:44 GMT+1)
Kim Fox Trustee
Page 6
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
# **Independent Examiners Report To the Trustees of Saffron Young Peoples Project Limited For the 17 month period ended**
## **31 December 2025**
I report on the activities of the Saffron Young Peoples project for the 17 month period ended 31 December 2025, which are set out on pages 8 to 12.
## **Responsibilities and basis of report**
As the charity's trustees, who are also the directors for the purpose of company law, you are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for the year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:-
- examine the accounts under section 145 of the 2011 Act,
- to follow the procedure laid down in the general Directions given by the Charity
- Commission under section 145(5)(b) of the 2011 Act, and
- to state whether particular matters have come to my attention
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 386 of the Companies Act 2006; and
- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the
- have not been met or;
(2) to which in my opinion, attention should be drawn in order to enable the proper understanding of the accounts to be reached.
Fiona Sanderson BA(Hons) FCMA CGMA Miss S - Accounting for Purpose CIC 68 Privett Road Signed: Fareham Hampshire PO15 6SP Date: 03-Sep-26
Page 7
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
## **Statement of Financial Activities**
(incorporating Income and Expenditure Account)
## **For the 17 month period ended 31 December 2025**
||**31 December 2025**||
|---|---|---|
|**Incoming Resources**
**Incoming Resources from**
**Charitable Activities:**
Donations
BBC Children in Need
Big Lottery
Tudor Trust
Core cost grants
Barnabus Trust
Garfield Weston
Trusthouse Charitable Foundation
**Total Incoming Resources**
**Resources Expended**
**Charitable Activities**
Salaries, NIC and pension
Volunteer Expenses
Training Young People
Travel
Insurance
Rent
Computer Maintenance
Office Equipment and stationery
Sundry
Bookkeeping & Payroll
Management Accounts
Website maintenance
Bank Charges
**Fundraising Costs**
Fundraising Costs
**Governance Costs**
Accountancy fees
Other Fees
**Total Resources Expended**
**NET INCOME/(OUTGOING) RESOURCES**
Transfers between funds
**FUND BALANCES BROUGHT FORWARD**
**FUND BALANCES CARRIED FORWARD**|**Unrestricted**
**Restricted**
**Total**
_Unrestricted Restricted_
_Total_
**Funds**
**Funds**
**Funds**
_Funds_
_Funds_
_Funds_
**£**
**£**
**£**
_£_
_£_
_£_
**-**
**-**
**-**
_250_
_-_
_250_
**-**
**50,861**
**50,861**
_-_
_32,920_
_32,920_
**-**
**21,839**
**21,839**
_-_
_45,246_
_45,246_
**-**
**25,000**
**25,000**
_11,000_
_27,000_
_38,000_
**25,000**
**-**
**25,000**
_-_
_-_
_-_
**-**
**1,000**
**1,000**
_-_
_-_
_-_
**-**
**-**
**-**
_-_
_10,000_
_10,000_
**-**
**-**
**-**
_-_
_10,000_
_10,000_
_1 Aug 2023 - 31 Jul 2024_
**1 Aug 2024 - 31 Dec 2025**|_1 Aug 2023 - 31 Jul 2024_|
||**25,000**
**98,700**
**123,700**
_11,250_
_125,166_
_136,416_||
||**31,433**
**123,797**
**155,230**
_(2,421)_
_109,161_
_106,740_
**-**
**684**
**684**
_-_
_821_
_821_
**-**
**6,417**
**6,417**
_-_
_4,364_
_4,364_
**-**
**316**
**316**
_-_
_189_
_189_
**963**
**779**
**1,742**
_48_
_1,379_
_1,427_
**-**
**1,000**
**1,000**
_1,557_
_6,443_
_8,000_
**-**
**276**
**276**
_-_
_306_
_306_
**83**
**88**
**171**
_55_
_722_
_776_
**232**
**150**
**382**
_250_
_196_
_446_
**347**
**5,018**
**5,365**
_1,312_
_2,288_
_3,600_
**314**
**6,010**
**6,324**
_1,620_
_2,340_
_3,960_
**92**
**59**
**151**
_-_
_191_
_191_
**368**
**-**
**368**
_181_
_9_
_190_
**-**
**-**
**-**
_2,770_
_220_
_2,990_
**980**
**1,045**
**2,025**
_630_
_1,230_
_1,860_
**168**
**-**
**168**
_43_
_-_
_43_||
||**34,980**
**145,639**
**180,619**
_6,044_
_129,859_
_135,902_||
||**(9,980)**
**(46,939)**
**(56,919)**
_5,206_
_(4,693)_
_513_
**(4,474)**
**4,474**
**-**
**-**
**-**
**-**
17,093
42,465
59,558
_11,886_
_47,158_
_59,044_||
||**2,639**
**-**
**2,639**
_17,093_
_42,465_
_59,558_||
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2025 is shown in note 6
Page 8
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
## **Balance Sheet**
## **As at 31 December 2025**
Company Number 4328703 (England & Wales)
|**CURRENT ASSETS**
Cash at bank
Prepayments
**Current Liabilities**
Accruals
Other creditors
**FUNDS**
Restricted Funds
Unrestricted Funds|**£**
**£**
**5,589**
**-**
**5,589**
**2,432**
**518**
**2,950**
**2,639**
**-**
**2,639**
**2,639**
**31 Dec 2025**|_31 Jul 2024_|_31 Jul 2024_|
|---|---|---|---|
||**£**
**5,589**
**-**
**2,432**
**518**|_£_
_61,898_
_393_
_2,455_
_278_|_£_
_62,291_
_2,733_|
||||_59,558_|
||||_42,465_
_17,093_|
||||_59,558_|
For the financial period ending 31 December 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the charity to obtain an audit of its accounts for the period ended 31 December 2025 in accordance with section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
- a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006; and
- b) preparing financial statements which give a true and fair view of the state of the charitable company as at the end of the financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to a charitable company.
These financial statements have been approved in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.
The financial statements on pages 8 to 12 were approved by the trustees on 3 September 2026 and signed on their behalf by
## Kim Fox (Sep 6, 2026 18:17:44 GMT+1)
Kim Fox Trustee
Page 9
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
# **Notes to the Accounts For the 17 month period ended 31 December 2025**
## **1 Accounting Policies**
## **1.1 Basis of preparations of financial statements**
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting practice.
## **1.2 Going concern**
The trustees have resolved to cease the operations of the charity, and the charity ceased operations on 31 December 2025. Accordingly, the financial statements have not been prepared on a going concern basis.
In light of the cessation of activities and the absence of ongoing funding, the trustees consider that it is no longer appropriate to prepare the financial statements on a going concern basis.
These financial statements have therefore been prepared on a winding up basis. All assets are expected to be realised at their carrying value and liabilities have been recognised and measured at the amounts expected to be settled, and provision has been made for any costs associated with the closure of the charity, where appropriate.
After settling all liabilities, a residual cash balance remains. These funds will be distributed in accordance with the provisions set out in the charity’s governing document and applicable charity law.
The trustees have taken all reasonable steps to ensure that all obligations of the charity have been appropriately discharged prior to the final distribution of funds.
## **1.3 Incoming resources**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.
## **1.4 Resources expended**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement will be required and the amount can be measured reliably.
- Charitable activities include expenditure associated with the charity's objectives and include direct costs and support costs relating to these activities.
- Governance costs include those costs incurred in the governance of the charity, which relate to the general running of the charity.
## **1.5 Fund Accounting**
Restricted funds are defined as ''funds subject to specific conditions, imposed by the donor and binding on the project''. They represent unspent income , to which restrictions as to their use apply.
Unrestricted funds are those funds generated without specific purpose, which the project is free to use in accordance with its objectives.
Page 10
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
# **Notes to the Accounts** (continued) **For the 17 month period ended 31 December 2025**
## **1.6 Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **2 Trustee emoluments and benefits**
None of the trustees received remuneration or any reimbursed expenses from the charity in the current or prior year.
## **3 Staff Costs**
The average number of employees during the period was 2 (31 July 2024: 3)
One employee received more than £60,000 (between £80k and £90k) in employee benefits in the period ended 31 December 2025 (31 July 2024: Nil) in either year.
Redundancy payments were made to staff during the period to 31 December 2025 of £37,627 on aggregate (31 July 2024: £nil)
|**4**
**Net income/(expenditure) for the year**
This is stated after charging:
Independent Examiners Fees||**2025**
**£**
**1,125**||_2024_
_£_
_1,020_|
|---|---|---|---|---|
## **5 Statement of Funds**
At the end of the period the charity did not hold any restricted funds. The purpose and nature of restricted funds utilised in the period were:
## Children in Need
Funding to enhance our girls' project, in the Saffron Lane Estate.
## The Big Lottery Fund
Funding to cover the cost of the salary of the programme manager, senior key worker, travel, training accommodation and other operating costs.
## Garfield Weston
Grant provided for core costs.
## Tudor Trust
Grant provided for core costs and for activities with young people.
## Anonymous Funder
Provided for knife crime awareness workshops.
## Trusthouse Community Foundation
A grant towards salary costs of the charity.
Page 11
## **SAFFRON YOUNG PEOPLES PROJECT LIMITED**
## **Notes to the Accounts** (continued) **For the 17 month period ended 31 December 2025**
## **6 Analysis of Net Assets between Funds**
|**Total Unrestricted**
**Restricted**
Children in Need
Big Lottery
Tudor Trust
Garfield Weston
Trusthouse Community Foundation
Anonymous Funder
**TOTAL FUNDS**|**At**
**1 August**
**2024**
17,093
22,979
2,054
6,833
1,402
9,197
-
42,465
59,558|**Incoming**
**Resources**
**£**
25,000
50,861
21,839
25,000
-
-
1,000
98,700
123,700|**Outgoing**
**Resources**
**£**
34,980
73,893
29,029
31,881
1,402
9,434
-
145,639
180,619|**Transfers**
**between**
**funds**
**£**
(4,474)
53
5,136
48
-
237
(1,000)
4,474
-|**At**
**31**
**December**
**2025**
**£**
**2,639**|
|---|---|---|---|---|---|
||||||**-**
**-**
**-**
**-**
**-**
**-**|
||||||**-**|
|||||||
||||||**2,639**|
## **7 Related Parties**
Trustee Kim Fox is the wife of Gary Fox, who served as CEO of the charity during the period. Gary Fox's remuneration is included within the staff costs shown in the Statement of Financial Activities. Trustee Kim Fox played no part in decisions regarding his terms of employment or remuneration. There were no other related party transactions during the period.
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